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NET INCOME (LOSS) PER SHARE
 9 Months Ended
Mar. 26, 2016
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE
NET INCOME (LOSS) PER SHARE
Basic net income (loss) per share is computed using only the weighted-average number of shares of common stock outstanding for the applicable period, while diluted net income (loss) per share is computed assuming conversion of all potentially dilutive securities, such as stock options, unvested restricted stock units and awards, warrants and convertible notes during such period.
The following table presents the calculation of basic and diluted net income (loss) per share:
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
March 26, 2016
 
March 28, 2015
 
March 26, 2016
 
March 28, 2015
 
 
 
(Thousands, except per share amounts)
Net income (loss)
 
$
89

 
$
(10,186
)
 
$
(3,264
)
 
$
(42,823
)
 
 
 
 
 
 
 
 
 
Weighted-average shares - Basic
 
110,882

 
108,357

 
110,212

 
107,818

Effect of dilutive potential common shares from:
 
 
 
 
 
 
 
 
Stock options and stock appreciation rights
 
280

 
—

 
—

 
—

Restricted stock units and awards
 
2,537

 
—

 
—

 
—

Weighted-average shares - Diluted
 
113,699

 
108,357

 
110,212

 
107,818

 
 
 
 
 
 
 
 
 
Basic net income (loss) per share
 
$
—

 
$
(0.09
)
 
$
(0.03
)
 
$
(0.40
)
Diluted net income (loss) per share
 
$
—

 
$
(0.09
)
 
$
(0.03
)
 
$
(0.40
)

For the three and nine months ended March 26, 2016, we excluded 35.5 million and 38.3 million, respectively, of outstanding stock options, stock appreciation rights, unvested restricted stock awards and units, and shares issuable in connection with convertible notes from the calculation of diluted net loss per share because their effect would have been anti-dilutive.
For the three and nine months ended March 28, 2015, we excluded 22.4 million and 13.5 million, respectively, of outstanding stock options, stock appreciation rights, unvested restricted stock awards and units, and shares issuable in connection with convertible notes from the calculation of diluted net loss per share because their effect would have been anti-dilutive.